Exxon Awards JGC, Others $13 Billion Mozambique LNG Contract
- Rovuma LNG project to cost about $23 billion, regulator says
- Project could boost income for one of world’s poorest nations
This article is for subscribers only.
Exxon Mobil Corp. awarded contracts worth about $13 billion to three companies including JGC Holdings Corp. to build a giant liquefied natural gas plant in northern Mozambique, the country’s oil and gas regulator said.
The total cost of the Exxon-led Rovuma project will be about $23.6 billion, a spokeswoman for the National Petroleum Institute said Wednesday by email. That’s less than the $27 billion to $33 billion that Johannesburg-based Standard Bank Ltd. had earlier estimated.